(b) Lessee shall pay rent to Lessor at its address stated above, except as otherwise directed
by Lessor. Rent payments shall be in the amount, payable at such intervals and due in accordance
with the provisions of Annex B. (Each payment of Rent is hereinafter referred to as a **“Rent
Payment”**). If any Interim Rent (as defined in Annex B) or Advance Rent (as defined in Annex B) is
payable, such Interim Rent and/or Advance Rent shall be set forth on Annex B and due in accordance
with the provisions of Annex B, and when received by Lessor, such Interim Rent shall be applied to
the Rent Payment due for the Interim Period as set forth on Annex B and such Advance Rent shall be
applied to the first Basic Term for Rent Payment as set forth on Annex B and any balance, if any,
shall be applied to the next scheduled Rent Payment. In no event shall any Advance Rent, Interim
Rent or any other Rent Payment be refunded to Lessee. If Lessor does not receive from Lessee
payment in full of any Rent Payment or other payment due hereunder on or prior to the due date
thereof, then Lessee shall pay to Lessor a late fee equal to 3% of the amount due but not received
within 10 days after the due date therefor, in addition to, the unpaid amount of such Rent Payment,
but not exceeding the lawful maximum, if any. Such late fee will be immediately due and payable
and is in addition to any other costs, fees and expenses Lessee may owe as a result of such late
payment.